Computer Age Management Services Limited (CAMS), India's largest registrar and transfer agent of mutual funds, has reported a solid performance for the first quarter, demonstrating resilience amid global economic challenges.

Financial Highlights

CAMS posted a consolidated revenue of ₹354.15 crore for Q1, marking a 6.9% year-on-year growth. The company's EBITDA stood at ₹154.82 crore, up by 2.8% compared to the same quarter last year, with an EBITDA margin of 43.7%. Profit After Tax (PAT) saw a modest increase of 0.8% year-on-year, reaching ₹109.09 crore, with a PAT margin of 29.7%.

Dividend Announcement

The Board of Directors has declared an interim dividend of ₹11 per equity share, showcasing the company's commitment to delivering value to its shareholders.

Operational Milestones

CAMS achieved several significant milestones during the quarter:

• Assets Under Management (AUM) crossed the ₹50 lakh crore mark.
• Equity assets surpassed ₹25 lakh crore, growing at 24% year-on-year.
• The company maintained its market leadership with approximately 68% AUM share in the mutual fund industry.
• New SIP registrations increased by 19% year-on-year, with 11.2 million registrations in Q1.
• CAMS' unique investor base crossed the 41 million mark, growing 27% year-on-year.

Business Expansion and Innovation

CAMS continues to expand its services and innovate across various segments:

• The company onboarded Jio BlackRock Mutual Fund, which launched India's largest-ever NFO, raising ₹17,800 crore across three schemes.
• CAMS marked its first international mutual fund implementation with the successful launch of Ceybank Mutual Fund operations in Sri Lanka.
• CAMSPay, the company's payment solutions arm, reported a 26% year-on-year revenue growth.
• The Alternatives business saw Assets Under Service crossing ₹2.70 lakh crore in Q1.
• CAMS KRA entered into a definitive agreement to acquire the KRA business from NSE Data Analytics Ltd, which will add 1.3 million KYC records to its repository.

Management Commentary

Anuj Kumar, Managing Director of CAMS, commented on the results: "It is heartening for us to share that, despite global headwinds, our company has delivered strong results with a revenue growth of 7% year-on-year, and healthy EBITDA margin of 43.7%. This quarter's results affirm the resilience of our business segments and the unwavering execution focus of our teams."

Kumar also highlighted the company's progress in non-mutual fund businesses, including the growth of CAMSRep's policy base and Think360.ai's development of an AI-powered data and insights platform for a US health-tech company.

As CAMS continues to strengthen its market position and diversify its service offerings, the company remains well-positioned to capitalize on the growing financial services sector in India.

Computer Age Management Services Limited (CAMS), India's largest registrar and transfer agent of mutual funds, has announced its financial results for the first quarter, along with an interim dividend declaration.

Financial Performance

CAMS reported a consolidated revenue of Rs. 354.15 crore for Q1, marking a 6.9% year-on-year growth. The company's EBITDA stood at Rs. 154.82 crore, up by 2.8% compared to the same quarter last year, with an EBITDA margin of 43.7%. Profit After Tax (PAT) saw a modest increase of 0.8% year-on-year, reaching Rs. 109.09 crore, with a PAT margin of 29.7%.

Dividend Declaration

The Board of Directors has approved an interim dividend of Rs.11 per equity share. The record date for determining eligible shareholders has been set as August 8, with the dividend expected to be disbursed on or before August 29.

Operational Highlights

CAMS achieved several milestones in the mutual fund sector during Q1:

• Assets Under Management (AuM) crossed Rs.50 trillion in June, maintaining a market leadership with approximately 68% market share.
• Equity assets surpassed Rs.25 trillion, reaching Rs.26.7 trillion despite market volatility.
• New SIP registrations increased by 19% year-on-year, with 11.2 million registrations in Q1.
• The company's unique investor base crossed the 41 million mark, growing 27% year-on-year.

Beyond Mutual Funds

CAMS reported growth in its non-mutual fund businesses:

• CAMSPay's revenue grew by 26% year-on-year, with its proprietary payment gateway infrastructure becoming operational.
• CAMS Alternatives saw Assets Under Service crossing Rs.2.70 lakh crore in Q1.
• CAMSRep's policy base grew 41% year-on-year to 12 million policies.
• CAMSKRA entered into a definitive agreement to acquire the KRA business from NSE Data Analytics Ltd.

Management Commentary

Anuj Kumar, Managing Director of CAMS, commented on the results: "It is heartening for us to share that, despite global headwinds, our company has delivered strong results with a revenue growth of 7% Y-on-Y, and healthy EBITDA margin of 43.7%. This quarter's results affirm the resilience of our business segments and the unwavering execution focus of our teams."

Future Outlook

The company is set to onboard more Asset Management Companies (AMCs) in the coming months and expects Life Insurance Corporation of India (LIC) to go live with eInsurance accounts in Q2. CAMS continues to focus on innovation and customer-centricity to drive sustainable growth and deliver value to its stakeholders.

As CAMS maintains its market leadership in the mutual fund domain and expands its presence in non-mutual fund businesses, the company appears well-positioned to capitalize on the growing financial services sector in India.